• Mark Zuckerberg takes the stand in historic antitrust trial that could force breakup of Meta

    Mark Zuckerberg takes the stand in historic antitrust trial that could force breakup of Meta

    Apr 15, 2025 03:26 PM EST

    ... but failed, to buy) and TikTok emerged. However, the FTC has a narrow definition of Meta's competitive market, excluding companies like TikTok, YouTube and Apple's messaging service from being considered rivals to Instagram and WhatsApp. Meta, meanwhile, says the FTC's lawsuit "defies reality." "The evidence at trial ...

  • Confusion over electronics tariffs injects more uncertainty into economy

    Confusion over electronics tariffs injects more uncertainty into economy

    Apr 14, 2025 10:50 PM EST

    ... day negotiation period. But tariffs on Chinese-made goods were not paused. Instead, they were increased to 145 percent. That left some tech companies like Apple in the lurch. Lin Jian, Chinese Foreign Ministry Spokesperson (through interpreter): The U.S. uses tariffs as a weapon for extreme pressure and self ...

  • Stocks rally worldwide after Trump eases some electronics tariffs

    Stocks rally worldwide after Trump eases some electronics tariffs

    Apr 14, 2025 10:05 PM EST

    ... gain of 1.8 percent. The Dow Jones Industrial Average rose 312 points, or 0.8 percent, and the Nasdaq composite added 0.6 percent. Apple and other technology companies helped lift Wall Street after Trump said he was exempting smartphones, computers and other electronics from some of his stiff ...

  • Trump considers pausing his auto tariffs to give carmakers more time

    Trump considers pausing his auto tariffs to give carmakers more time

    Apr 14, 2025 08:59 PM EST

    ... 0 tariff offer on industrial goods and the work on non-tariff barriers," Šefčovič said. The U.S. president also said that he spoke with Apple CEO Tim Cook and “helped” him recently. Many Apple products, including its popular iPhone, are assembled in China. Apple didn’t respond to a ...

  • What we know now that Trump has paused tariffs on electronics

    What we know now that Trump has paused tariffs on electronics

    Apr 14, 2025 07:50 PM EST

    ... road. It would also be incredibly difficult for companies to change their supply chains. The Trump administration argues that tariffs will entice big names like Apple, for example, to make iPhones in the U.S. for the first time. But Apple has spent decades building up a finely calibrated supply ...

  • Historic antitrust trial could force Meta to break off Instagram, WhatsApp

    Historic antitrust trial could force Meta to break off Instagram, WhatsApp

    Apr 14, 2025 05:38 PM EST

    ... but failed, to buy) and TikTok emerged. However, the FTC has a narrow definition of Meta's competitive market, excluding companies like TikTok, YouTube and Apple's messaging service from being considered rivals to Instagram and WhatsApp. “The FTC already has the difficult task, whether it’s looking at 10 ...

  • 1 in 5 Americans are on Medicaid. Some enrollees have no idea

    1 in 5 Americans are on Medicaid. Some enrollees have no idea

    Apr 13, 2025 09:54 PM EST

    ... reason is that state programs aren’t always called “Medicaid.” Many states have rebranded their programs with consumer-friendly names such as SoonerCare in Oklahoma, Apple Health in Washington, Medi-Cal in California or TennCare in Tennessee. And nearly all states now use private insurance companies such as UnitedHealth or ...

  • News Wrap: Israel cuts off Rafah as it expands military activity in Gaza

    News Wrap: Israel cuts off Rafah as it expands military activity in Gaza

    Apr 12, 2025 09:45 PM EST

    ... a reason for the change. Among the items retroactively excluded memory chips, flat panel displays and hard drives. It spares U.S. tech companies like Apple and Dell from import duties that threaten to upend their businesses and raise prices for consumers. President Trump says he's in good shape ...

  • Trump administration says some electronics will be excluded from reciprocal tariffs

    Trump administration says some electronics will be excluded from reciprocal tariffs

    Apr 12, 2025 04:21 PM EST

    The Trump administration late Friday said they would exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung ...

  • WATCH: U.S. Trade Rep. Greer under fire in Senate hearing as world responds to Trump tariffs

    WATCH: U.S. Trade Rep. Greer under fire in Senate hearing as world responds to Trump tariffs

    Apr 08, 2025 02:12 PM EST

    ... countries to come to the negotiating table to reduce their own trade barriers. He said, for example, that Vietnam is cutting its own tariffs on apples, almonds and cherries. The import taxes are designed to reduce America's massive trade deficits, but Greer conceded that it will take time and ...